Laserfiche WebLink
MW <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason E. Brown, County Administrator <br />THROUGH: Richard B. Szpyrka, P.E., Public Works Director <br />FROM: Monique Filipiak, Land Acquisition Specialist <br />SUBJECT: Stormwater Property Purchase - 7205 8th Street, Vero Beach, FL 32968 <br />Owner: Catherine C. Detko <br />DATE: March 8, 2021 <br />DESCRIPTION AND CONDITIONS <br />Catherine C. Detko owns a 38.35 acre parcel of property located at 7205 8th Street, Vero Beach, FL 32968. <br />Staff was recently approached by Thomas Kennedy, realtor for Ms. Detko about the property. The subject <br />property consists of a 38.35 acre unimproved vacant parcel that is located adjacent to the southeast <br />corner of 81h Street and 74th Avenue. The property is zoned A-1 agricultural. Indian River County is <br />purchasing the property for a future stormwater treatment facility to remove nitrogen & phosphorus <br />from the stormwater in the IRFWCD canal system before discharge into the Indian River Lagoon. <br />The County offered $958,750.00 to purchase the property. After a few weeks of negotiations all parties <br />agreed on $958,750.00 purchase price, and the County paying all closing costs estimated at $17,000.00. <br />The County obtained an appraisal of the property indicating a value of $1,080,000.00. <br />FUNDING <br />Funding for this expense in the amount of $975,750 is budgeted and available in the Optional Sales <br />Tax/Public Works/All Land-TMDL/Lagoon Treatment account. <br />Account Name <br />Account Number <br />I Amount <br />Optional Sales Tax/Public Works/All Land — <br />TMDL/Lagoon Treatment <br />31524338-066110-21006 <br />$975,750.00 <br />RECOMMENDATION <br />Staff recommends the Board approve the Purchase Agreement in the amount of $958,750.00, with an <br />estimated $17,000.00 in closing costs to be paid by the County for purchase of the 38.35 acre property <br />located at 7205 8th Street, Vero Beach, FL 32968, and authorize the Chairman to execute the purchase <br />agreement on behalf of the Board. <br />ATTACHMENTS <br />Purchase Agreement <br />Boundary Survey <br />Location Map <br />APPROVED AGENDA ITEM FOR: March 16, 2021 <br />62 <br />